MikeLovesGold

Gold Coins Are in Short Supply, So Why Doesn't Their Price Rise?

The Government will not confiscate gold, and I’ll tell you why. Since the dollar in 1933 was backed by gold, the Government confiscated it so they could print as much money as needed to shore up both the banking system and the economy. 99% of the population owned gold in 1933, they carried it in their pockets, and they carried it in their purses. Now, in 2008, less than 1% of the U.S population own gold. Thus, it would not be worth the Government’s time to confiscate it. There is no reason to scare the public into buying non-confiscateable gold, i.e., pre-1933 gold coins. Also, who is to say that they won’t confiscate pre-1933 gold coins this time around? Consider buying gold to protect your wealth due to either inflation or deflation. Gold has been, and will always be, real money. Thank you.

Gold Coins Are in Short Supply, So Why Doesn't Their Price Rise?

Not true. Gold went up 70+ percent in the 1930's.


On Nov 04 04:58 AM dlaw wrote:

> Why do people opine about the government printing dollars and not
> look at the real money supply?
>
> Why don't you ask yourself how it is that the dollar can be going
> up when the supply is - you believe - also going up.
>
> The supply isnt going up, it's going down.
>
> And in a deflation, people quickly find that their gold coins buy
> them nothing without first buying currency and that other than the
> special panic trade in gold, holding a commodity during a deflation
> is idiotic.
>

Equity Markets: The Thaw Begins

Great article.